More than 1,500 units in HCA’s FirstBuy allocation

21 June 2011 08:13 Comments (0)

Thirty house builders have been allocated a total of £22m from the Homes & Communities Agency to offer a new government product to help first time buyers.

FirstBuy offers equity loan funding of up to 20% of the purchase price split equally between the HCA and the housebuilder, with purchasers being required to raise funding, a mortgage plus deposit, of at least 80% of the purchase price.

The new product is part of the government's HomeBuy range designed to help first time buyers into home ownership in a way they can afford. The HCA said it expects to assist nearly 10,500 purchasers nationwide to buy a new home over the next two years.

The first homes are expected to be available under the FirstBuy scheme from September.

FirstBuy allocations for North West
	Allocations excluding fees
Developer Name	FirstBuy Sales	HCA input £
Bardsley Construction Group	20	273,636
BASE Hattersley	32	307,893
Barratt Homes	120	1,700,977
Bellway	54	830,545
Bloor Homes	15	228,955
Bovis Homes	47	615,031
Brighouse Investments	20	365,545
Compendium Regeneration	10	118,092
Countryside Properties Northern	41	465,170
Dorbcrest Homes	20	397,804
Gladedale Lincoln	5	60,190
Gleeson Developments	43	490,820
Harron Homes	13	142,452
Helena Partnerships	26	399,311
Hollinwood Homes	20	276,793
Infinity Albany	20	293,087
ISIS Waterside Regeneration	3	46,527
Keepmoat Homes	68	824,392
Lovell Partnerships	30	393,849
Morris Homes	118	1,880,071
Newfield Construction	18	313,826
PE Jones Contractors	25	381,652
PJ Livesey Holdings	20	259,133
Persimmon Homes	352	4,995,936
Redrow Homes	139	1,899,395
Rowland Homes	20	320,760
Seddon Homes	7	98,393
Taylor Wimpey	128	1,789,315
Miller Group	110	1,382,460
Urban Splash Group	8	144,875
Victoria Mills Development	20	255,000
Wainhomes North West	8	128,727
North West Total	1,580	22,080,613